Report Overview

Global Pressure Monitoring Market was valued at USD 7.04 Billion in the year 2017. Global Pressure Monitoring Market is further estimated to grow at a CAGR of 5.87% from 2018 to reach USD 9.91 Billion by the year 2023. The North America region holds the highest market share in 2017 and the Asia Pacific is considered as the fastest growing market in the forecasted period. At a country level, U.S, U.K. and China is projected to grow strongly in the coming years due to high rate of investment by R&D.

The Global Pressure Monitoring Market is segmented as By-Product type, Therapeutic Application, End User, Procedure, and Region. The Product type is divided into blood pressure monitors, intraocular pressure monitoring, pulmonary pressure monitoring, pulmonary pressure monitoring accessories and by usability in which the blood pressure monitors contributes to the highest market share due to increasing prevalence of hypertension, increasing use of non-invasive devices and patient compliance.

The Therapeutic Application segment is divided into respiratory disorders, glaucoma, cardiac disorders, neurological disorders, dialysis and other therapeutic applications in which cardiac disorders hold the highest share in the market due to increasing prevalence of heart-related diseases.

The End User segment is divided as hospitals, home care settings, ambulatory surgical centers and diagnostic laboratories in which hospitals dominate the market. By Procedure, it is divided as non-invasive and invasive in which non-invasive holds the highest market share due to huge adoption of noninvasive BP monitoring devices. Among all, it is expected that the cardiac disorders segment will be growing at a moderate CAGR of XX % in the assessment period.

Drivers:

Increasing prevalence of chronic diseases

Restraints:

Lack of trained professionals

Opportunities:

Technological advancements

New product launches

Challenges:

Intense competition among the producers.

Philips Healthcare (Netherlands), GE Healthcare (U.S), Medtronic PLC (US) are some of the key players in the Global Pressure Monitoring Market. Rising research and development expenses cater to changing demand of end users. Similarly, growth strategies such as acquisition, merger and expansion of the distribution network were few techniques adopted by most of Tier 1 and Tier 2 manufacturers in recent years.

Raw Market Data is collected and compared with the Existing in-house Data on a broad front.

Both Bottom-Up and Top-Down approaches are analyzed for segmenting and estimating measurable aspects of the market.

To avoid bias, we filter the collected data collected from authenticated sources.

GMI has a well proven Statistical Modeling System for estimates and forecasts.

Further, the report findings are validated with the Industry Expert Panel on face to face or telephonic interviews.

Panelists are approached from Leading Enterprises across the value chain including manufacturers, suppliers, technology providers, domain experts and buyers so as to validate a thorough and balanced market overview.

Detailed customization is also available for you. Further, if the report listed above does not meet your key requirements. Our customized research report will analytically cover the required market information you need which will help you to plan your business decisions.